• International Flavors & Fragrances average return on tangible equity for 2023 was 35.44, a 214.46% increase from 2022.
• International Flavors & Fragrances average return on tangible equity for 2022 was 11.27, a 353.83% increase from 2021.
• International Flavors & Fragrances average return on tangible equity for 2021 was -4.44, a 77.29% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.